Pier 1 Imports Inc (PIR) Holdings Raised by Stone Ridge Asset Management LLC

Stone Ridge Asset Management LLC grew its position in Pier 1 Imports Inc (NYSE:PIR) by 32.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 162,991 shares of the specialty retailer’s stock after buying an additional 40,249 shares during the quarter. Stone Ridge Asset Management LLC owned 0.19% of Pier 1 Imports worth $50,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PIR. Rhumbline Advisers increased its position in Pier 1 Imports by 36.1% during the 4th quarter. Rhumbline Advisers now owns 119,399 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 31,666 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Pier 1 Imports by 1,033.7% in the fourth quarter. SG Americas Securities LLC now owns 130,136 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 118,657 shares during the period. Teton Advisors Inc. increased its holdings in shares of Pier 1 Imports by 1,566.7% in the fourth quarter. Teton Advisors Inc. now owns 200,000 shares of the specialty retailer’s stock valued at $61,000 after purchasing an additional 188,000 shares during the period. California Public Employees Retirement System increased its holdings in shares of Pier 1 Imports by 4.6% in the fourth quarter. California Public Employees Retirement System now owns 568,039 shares of the specialty retailer’s stock valued at $174,000 after purchasing an additional 24,839 shares during the period. Finally, Prescott Group Capital Management L.L.C. acquired a new position in shares of Pier 1 Imports in the fourth quarter valued at about $494,000. Institutional investors and hedge funds own 48.62% of the company’s stock.

A number of research analysts have recently weighed in on PIR shares. Zacks Investment Research lowered Pier 1 Imports from a “hold” rating to a “strong sell” rating in a report on Saturday, January 19th. ValuEngine raised Pier 1 Imports from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. Finally, Gordon Haskett lowered Pier 1 Imports from a “hold” rating to an “underperform” rating in a report on Thursday, March 21st. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $1.44.

Pier 1 Imports stock traded up $0.16 during midday trading on Friday, hitting $0.70. 7,847,213 shares of the company were exchanged, compared to its average volume of 4,440,358. The firm has a market cap of $38.25 million, a price-to-earnings ratio of -0.28 and a beta of 4.15. Pier 1 Imports Inc has a fifty-two week low of $0.28 and a fifty-two week high of $3.14. The company has a quick ratio of 0.47, a current ratio of 1.76 and a debt-to-equity ratio of 2.74.

Pier 1 Imports (NYSE:PIR) last posted its earnings results on Wednesday, April 17th. The specialty retailer reported ($0.85) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.63). The company had revenue of $412.51 million for the quarter. Pier 1 Imports had a negative return on equity of 111.92% and a negative net margin of 12.80%. Equities analysts expect that Pier 1 Imports Inc will post -1.93 EPS for the current year.

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Pier 1 Imports Profile

Pier 1 Imports, Inc engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products. It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrances, gifts, and seasonal items; and furniture and furniture cushions that are used in living, dining, office, kitchen and bedroom areas, sunrooms, and patios.

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Institutional Ownership by Quarter for Pier 1 Imports (NYSE:PIR)

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